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The Supreme Court, on Wednesday, ruled that the old and new Naira denominations will co-exist as legal tender until further notice.

The Federal Government had on November 21, filed an application before the Supreme Court seeking an extension for old Naira notes to remain in circulation.

The CBN recently said old and new Naira currencies remained legal tender indefinitely.

Recall that in March 2023, the Supreme Court had extended the deadline to phase out old Naira notes to December 31, 2023.



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